Corona seeks share consolidation
Shareholders of Corona (TSE) will be asked to approve a proposed 1-for-2 consolidation of the company’s subordinate voting shares and common shares and a change in name to International Corona Resourc…
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Placer options Dellaterra claims
A draft formal option and joint venture agreement was received by Dellaterra Resources (VSE) from major company, Placer Dome (TSE). Under the terms of the agreement, Placer will pay Dellaterra $50,000…
Smelter proposal based on custom facility on tidewater
Several small copper smelters operated in British Columbia during the early part of this century, but each died with the exhaustion of reserves of the nearby mines. During the growth of the province’s…
Sikaman completes Bogosu sale
Sale of its interest in the Bogosu gold project in Ghana, Africa, has been completed, Sikaman Gold Resources (TSE) said. The Toronto-based company also announced the sale of two other property interes…
Toronto Stock Exchange Shares react to fears of `double dip’
Growing concern that a “double dip” recession could force share prices below their current trading levels kept investors on the sidelines during the period ended May 7. A leading Toronto analyst, who…
Taseko retains Fish Lake deposit
Persistence appears to have paid off for Taseko Mines (VSE), a Vancouver-based junior that has been battling base metal giant Cominco (TSE) for the past six years to regain control of its Fish Lake co…
Tropicana acquires Greenwood claims
A block of claims in the historic Greenwood mining camp of southern British Columbia is about to be acquired by Tropicana Developments (VSE). The company is negotiating to acquire claims near the old …
Ottawa moves on the Arctic
A $100-million Green Plan initiative designed to protect the Canadian Arctic’s fragile environment and preserve the health of northern people has been announced by the federal government. The Arctic …
Thunderwood gets another hint of major Scott Lake find
Thunderwood Resources (TSE) and partner Greenstone Resources (TSE) continue to intersect copper-zinc-rich sulphide mineralization while completing a 25,000-ft. drill program at their equally owned Sco…
Revived Goldstream mine on verge of commissioning
The Goldstream mine should be ready for commissioning by mid-May, according to 50% owner and operator, Bethlehem Resources (TSE). Bethlehem President Henry Ewanchuk said he expected the startup to be …
Montreal Exchange New Aur program
A new exploration program involving about 20,000 ft. of drilling and costing about $500,000 at three Louvicourt Twp. properties (in the Val d’Or, Que., area) of Consolidated Abitibi Resources was star…
Quebec extends tax incentives for exploration
The Quebec government has decided to extend, for another two years, special flow-through-share tax incentives related to exploration work incurred by mining companies in the province. Finance Minister…